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Hardly any of the law's subjects know the text of the provisions that govern their conduct. Even less would they be able to handle this text properly, were they to get access to it. Nonetheless the law firmly believes that it is not feckless. This paper solves the puzzle by drawing on four...
Persistent link: https://www.econbiz.de/10011582792
Goods ; Regulation …
Persistent link: https://www.econbiz.de/10003923885
investment behavior. In our experiment, subjects decide about investments into real-life mutual funds. We find that subjects …
Persistent link: https://www.econbiz.de/10011416914
controlled conditions, we have conducted a public goods experiment with central punishment. The authority is neutral - she does …
Persistent link: https://www.econbiz.de/10009784192
In three distinct disciplines, crime and punishment are studied experimentally: in empirical legal studies, in experimental economics, and an experimental criminology. These three disciplines have surprisingly little interaction. The current paper surveys the rich evidence, and discusses the...
Persistent link: https://www.econbiz.de/10011455955
This paper experimentally studies an essential institutional feature of matching markets: Randomization of allocation priorities. I compare single and multiple randomization in the student assignment problem with ties. The Gale-Shapley deferred acceptance algorithm is employed after...
Persistent link: https://www.econbiz.de/10011478678
Under common law, the standard remedy for breach of contract is expectation damages. Under continental law, the standard is specific performance. The common law solution is ex post efficient. But is it also ex ante efficient? We use experimental methods to test whether knowing that...
Persistent link: https://www.econbiz.de/10011715408
uncertainty affects work performance and willingness to compete in the field, it can be studied in a controlled lab experiment. We … present a novel experiment where subjects can compete against each other, but where the number of winners is either uncertain …
Persistent link: https://www.econbiz.de/10011722124
On the doctrinal surface, there is a deep divide between common and continental law when it comes to the origin of contractual obligations. Under continental law, in principle a unilateral promise suffices. Common law by contrast requires consideration. When it comes to deciding cases, the...
Persistent link: https://www.econbiz.de/10011706153
controlled conditions, we have conducted a public goods experiment with central punishment. The authority is neutral - she does …
Persistent link: https://www.econbiz.de/10010323857